fbpx
Search
Close this search box.

Global Innovation Fund 2022 (up to $15 Million)

Applications for the Global Innovation Fund 2022 are currently open. Global Innovation Fund GIF is an international foundation that collaborates with mission-aligned development agencies to uncover and fund evidence-based innovations that have the potential to improve the lives of millions of the world’s poorest people. Global Innovation Funds accepts submissions on a rolling basis; their application window is always open, with no funding round deadlines.

By taking calculated risks, the GIF fund complement existing development support. To achieve their mission, they use a variety of financial instruments to guide entrepreneurs through their journey to scale. Using a venture-style staged funding approach, more speculative ideas receive lower funding and increased funding following proof of concept and successful testing.

Any social organization, entrepreneurs, non-profit organizations, for-profit organizations, eligible companies, research institutions and even government agencies can apply for the fund.

Here are more details about the Global Innovation Fund

Table of Contents

  • Country: Online
  • Financial coverage: Fully Funded

    • Join Our OC Community. Join 80,000+ other youth leaders and get help from them in shaping your future click here to request to join . You can also follow us on instagram 

     
     
     
     
     
     
     

    Some Other Trending Opportunities

    Eligibility Criteria :

    Here are the criteria for the Global Innovation Funds 2022:

    • Individual innovators, researchers, and businesses applying through an associated organization are commendable.
    • Any form of organization is eligible to apply for funding.
    • They are particularly interested in innovations that benefit those living on less than $2 per day (PPP) or vulnerable groups such as girls and women, minority or indigenous peoples, disabled people, communities, displaced refugees, or other vulnerable populations.
    • Any country includes social enterprises, non-profit organizations, for-profit businesses, government agencies, international organizations, and research institutions.
    • The contender can be headquartered anywhere in the world, but the innovation must benefit people in developing nations who live on less than $5 per day (PPP).

    Don't Miss a Single Opportunity

    Enter your email address to subscribe to this blog and receive notifications of new Oppoetunity by email.

    Join 45.5K other subscribers

    Benefits :

    GIF uses a tiered funding system, in which the quantity of funds available is depleted based on the extent of most activities and renovation. The three tires are listed below:

    Transition and test: 

    • The idea has previously shown promise on a small scale, and you have some operational, financial, and social viability data that you’d like to confirm before scaling up.
    • Up to USD 2.3 million in financing is available to support further growth and create additional evidence on whether the invention can have a societal impact on the market’s ability to sustain commercial innovations.

    Pilot:

    • The innovation is still in its early stages, but the organization has a solid plan for how it will be developed and tested in the real world.
    • Financing of up to USD 230,000 is available to test key financial and social feasibility assumptions.

    Scale: 

    • The innovation has a solid evidence-based, a logistically sound plan for reaching millions of people.
    • Up to USD 15 million in funding is available to broaden the reach of innovations to reach millions of people eventually.

    While they are open to submissions from any sector in any developing country, they have specific criteria for determining whether the application is a good fit.

    • Evidence: They expect evidence of word works to inform innovations. This evidence could focus on how your solution can be deployed or scaled successfully or how to evidence how your solution can be deployed or scaled successfully.
    • Team: They are looking for innovations backed up by teams that can demonstrate a deep understanding of the problems they are addressing and the context in which they are working. Applicants should also demonstrate a track record and skills in leveraging and leveraging the partnerships needed to succeed and navigate the challenges that come with scaling innovations.
    • Scale: GIF only invests in innovations that have the potential to benefit millions of people around.
    • Target market: They invest in innovations that benefit those who live on the equivalent of $5 per day and are particularly interested in finding innovative solutions that benefit those who live on less than $2 per day or other vulnerable or disadvantaged populations.
    • Impact and innovation: The method must be novel and unique, and the applicant must be able to illustrate how it differs from existing alternatives.

    Where do you want us to send you new opportunities?

    Telegram
    Whatsapp
    Join Our Social Networks
    Facebook Twitter Instagram
    advertise with OC

    Like our Facebook page

    Application Process:

    • Applicants can apply online through a simple application form.
    • Read the guidelines carefully before deciding whether or not to spend time preparing an application.
    • Global Innovation Fund accepts applications on a rolling basis, which means there are no deadlines or funding rounds.

    Increase your chances of acceptance for the program by using our professional services  

     
    Apply Now
    Official Site
    Facebook
    Twitter
    LinkedIn

    Leave a Reply

    Sharing is caring

    Disclaimer: “Opportunities Circle is an opportunities portal that helps connect youth with various opportunities. We strive to provide a platform for youth to discover and apply for opportunities that align with their goals and interests. However, it is important to note that Opportunities Circle is not the main donor for any of the opportunities listed on our platform. We do not take responsibility for any fraud or other issues that may arise from the donor agency. While we take care to thoroughly check and verify the opportunities before posting them, we cannot guarantee the authenticity or reliability of all opportunities. It is the responsibility of the applicant to do their own due diligence and research before applying to any opportunity. Opportunities Circle is not liable for any loss or damage that may result from applying to or participating in an opportunity listed on our platform.”

    Opportunities Circle is world’s leading opportunities Discovering platform

     

    Opportunities Circle

    Contact Us

    Keep In Touch

    Twitter Facebook Linkedin Instagram
    Opportunities Circle 2022© All rights reserved

    🌍 Never Miss Life-Changing Opportunities!

    Join thousands of ambitious young people getting daily updates on scholarships, fellowships, and internships tailored for you.

    Join 45.5K other subscribers